Stanbic IBTC Bank Plc pioneered custody business in Nigeria in 1994 to attend to foreign investors with an appetite for the Nigerian market and who are in need of excellent safekeeping and administration capabilities in the market.
We provide custodial services to both local and international clients/investors, namely: fund managers, asset managers, global custodians, international broker dealers, stockbrokers, retirement benefit schemes and other institutional investors wishing to invest in the Nigerian market. Stanbic IBTC Bank Plc is one of the six appointed custodians of money market and fixed-income instruments by the Central Bank of Nigeria (CBN) having satisfied all requirements.
In interfacing with clients, we operate with a clear understanding of their particular service requirements in order to deliver total customer experience. Our well-trained and experienced operations and relationship teams are supported with infrastructure at the cutting edge of technology and expertise that enables us to provide excellent and best-in-class value proposition to our clients in Nigeria. Stanbic IBTC is also a custodian of non-proprietary assets (money markets and fixed-income instruments) to Nigerian Banks and other local institutions.
Our expertise and excellent client services have been accorded worthy recognition in the following awards most recently won by the team:
• Awards for Excellence for both Nigeria and Sub-Saharan Africa by Global Custodian Survey 2013. Global Custodian is the world’s number one rater of custody service providers globally.
• Best Sub-custodian in Nigeria 2013 by Global Investor – the globally recognised financial magazine and subsidiary of Euromoney.
• Award for Excellence 2010 in the Domestic, Cross-Border and Leading Clients categories – the Global Custodian survey rating 2013.
• Best Sub-custodian Bank in Nigeria award 2013 by Global Finance magazine.
• Award for Excellence 2011 in Domestic and Cross-border categories in the Global Custodian rating for the sixth year running.
• Best Custodian in Nigeria 2012 by Global Investor, for the sixth year running.